. Before the United States Railroad Labor Board : argument for a wage increase . :PLOYED Jan. 100 97 111 65 Feb. 98 97 111 95 Mar. 88 99 112 69 April 98 96 110 58 May 100 99 101 69 Jane 101 83 106 67 Jaly 102 95 106 59 Aap. 104 103 103 58 Sept. 102 107 100 59 Oct. 97 109 96 61 Nov, 100 112 88 60 Dec. 102 112 80 62 209 Decreased Purchasing Bovver and. Brnployment in Brass Industry. Between September, 1920 and March, 1921, the pur-chasing power of the wage earners in the Brass, Copper andAluminum Industry had been cut by 54%, the payroll indexnumber falling from 189 to 87, according to N. Y. Sta
. Before the United States Railroad Labor Board : argument for a wage increase . :PLOYED Jan. 100 97 111 65 Feb. 98 97 111 95 Mar. 88 99 112 69 April 98 96 110 58 May 100 99 101 69 Jane 101 83 106 67 Jaly 102 95 106 59 Aap. 104 103 103 58 Sept. 102 107 100 59 Oct. 97 109 96 61 Nov, 100 112 88 60 Dec. 102 112 80 62 209 Decreased Purchasing Bovver and. Brnployment in Brass Industry. Between September, 1920 and March, 1921, the pur-chasing power of the wage earners in the Brass, Copper andAluminum Industry had been cut by 54%, the payroll indexnumber falling from 189 to 87, according to N. Y. StateIndustrial Gommission figures. This could mean nothingless than a sharp contraction in their demand for theproducts of farms and factories* During the same period fee index mirnher of employmenthad dropped from 103 to 59. indicating the fact that offer40fo of the employees had been thrown out of work, thusincreasing the surplus of workers looking for jobs. The development of deflation in the payrolls ofthis industry appears in the following table with itsaccompanying 9-« Aw ± J- to: PAL PAYROLL AND IJUMBl^ EIIH OY SI) IIJ BR Ac Ui\iCTURL\ AS R2P0F:TED Tu Hi k> O J_ U IJ (IKDL^X 1]UL:BLTvS B^ ON Jjilk 19 18 a ■ 100) TOTAL PAYROLi ( 1918 1919 1920 19^1 Jan. 100 138 161 100 Feb. 108 128 162 90 Ivlar. 122 118 180 87 April 125 114 179 89 May 134 115 174 89 Jane 135 99 183 89 July 141 105 184 76 Aug. 136 113 181 88 Sept. 146 121 189 85 Oct. 142 148 177 89 Kov. 145 152 156 91 Dec. 153 158 118 89 NUMBER EMPLOYED 19IR 1919 1920 Jan. 100 95 99 Feb. 99 91 98 Mar. 104 86 106 April 103 83 104 May 103 82 100 June 102 71 104 July 105 73 103 Aug. 100 81 103 Sept. 104 93 102 ( 98 93 100 NOV. 104 95 88 Dec. 106 98 71 19 LI 645959616261586363676867 Ki ± precipitous decline in Payrolla of three important industries. The following tables showing the co\irse of employmentand total wage payments in the paper Industry, in the iron andSteel Industry, and in the Car Building a
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